LeilaLynch
2022-06-20

$Meta Platforms, Inc.(META)$ Hurt by new mobile advertising restrictions, Meta is among the tech stocks that are transforming. Those restrictions, plus the economic slowdown ahead, hurt advertising revenue. Now that FB stock is down to reflect those headwinds, investors should count on steady active user traffic.Meta did not scale its VR headset in a meaningful way yet. It needs to lay the groundwork by developing the technology first. By 2030, its metaverse will become a major contributor to overall results. Until then, investors will count on Facebook, Instagram, and Whatsapp user activity to support the core business.

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